Ross Stores’s most recent trend suggests a bullish bias. One trading opportunity on Ross Stores is a Bull Put Spread using a strike $114.00 short put and a strike $109.00 long put offers a potential 35.14% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $114.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $109.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Ross Stores is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Ross Stores is bullish.
The RSI indicator is at 45.88 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Ross Stores
Burlington Stores Beats, Dollar Tree Rolls Out Higher Prices As Discounters Face Rising Costs
Tue, 23 Nov 2021 21:03:15 +0000
Burlington Stores topped Q3 views while Dollar Tree will now charge $1.25 at its stores amid rising costs.
Smart Investors Should Buy the Dip in Ross Stores Stock
Tue, 23 Nov 2021 12:22:00 +0000
Last week, Ross Stores (NASDAQ: ROST) posted another strong quarterly earnings report. In the first half of fiscal 2021, Ross Stores capitalized on strong pent-up consumer demand and the easing of the COVID-19 pandemic. Sales surged 20% compared to the first half of 2019 — reaching $9.3 billion — on a 14% increase in comparable store sales.
Top Consumer Discretionary Stocks for December 2021
Tue, 23 Nov 2021 11:36:20 +0000
These are the consumer discretionary stocks with the best value, fastest growth, and most momentum for December 2021.
What Kind Of Investors Own Most Of Ross Stores, Inc. (NASDAQ:ROST)?
Mon, 22 Nov 2021 13:23:25 +0000
If you want to know who really controls Ross Stores, Inc. ( NASDAQ:ROST ), then you’ll have to look at the makeup of…
Ross Stores Tops Profit Estimates. Stock Falls on Inflation Headwinds.
Fri, 19 Nov 2021 18:54:00 +0000
Expenses are rising because of ongoing headwinds from higher freight inflation, the discount retailer says.
Follow Us on Facebook